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European Energy secures financing for hybrid solar and storage project

European Energy has secured EUR 37.9 million of long-term project financing for a hybrid solar and battery storage project in Saldus, Latvia. Once operational, it will be among

Niam Infrastructure and Evecon advance 110 MW Renewable Energy

The platform was initiated in June 2024 through a joint venture between Niam and Evecon, targeting up to 110 MW of installed capacity in solar PV and battery energy storage.

Latvia''s path to energy transition: Expanding renewable energy

Given Latvia''s high share of renewable electricity, the need for electricity storage technologies will increase significantly. However, there are also challenges, such as the need

Latvia''s Energy Landscape Evolves with New Battery Storage Project

Latvia has taken a significant step towards a greener future with the commissioning of its first utility-scale battery energy storage system (BESS). The 10MW/20MWh BESS,

Latvia: Latvenergo to deploy 250MW/500MWh

Latvenergo said it will build the battery energy storage system (BESS) projects in response to increasing demand for flexibility and to

Latvenergo Accelerates Energy Storage with 250

Latvenergo, Latvia''s leading energy company, plans to install 250 megawatts (MW) of energy storage capacity by 2030. This ambitious

Latvenergo positive about Baltics'' battery-powered future

The first BESS projects are being implemented in Latvia and at Latvenergo production sites – starting with the smaller-scale BESS at Latvenergo AS CHPP-1 and

Latvenergo Accelerates Energy Storage with 250 MW Target by

Latvenergo, Latvia''s leading energy company, plans to install 250 megawatts (MW) of energy storage capacity by 2030. This ambitious target is part of a broader strategy to

Latvenergo invests heavily in battery systems, plans to become

The first BESS projects are being implemented in Latvia and at Latvenergo production sites – starting with the smaller-scale BESS at Latvenergo AS CHPP-1 and

Latvenergo invests in plans to become the Baltic market leader in

Latvenergo, a state-owned energy company based in Latvia, plans are to expand its generation portfolio with the development of battery energy storage systems (BESS),

Latvenergo invests in plans to become the Baltic

Latvenergo, a state-owned energy company based in Latvia, plans are to expand its generation portfolio with the development of

European Energy secures financing for hybrid solar and storage

European Energy has secured EUR 37.9 million of long-term project financing for a hybrid solar and battery storage project in Saldus, Latvia. Once operational, it will be among

Latvia''s largest battery energy storage system unveiled

This autumn, the Battery Energy Storage System (BESS) will be connected to the Latvian electricity transmission system, contributing. The total project investments amount to

Latvia: Latvenergo to deploy 250MW/500MWh BESS by 2030

Latvenergo said it will build the battery energy storage system (BESS) projects in response to increasing demand for flexibility and to synergise with its hydropower, gas-fired

FAQs about Latvia plans to build energy storage projects

What is Latvia's Energy Strategy 2050?

Latvia's Energy Strategy 2050 outlines major changes in renewable energy production and storage, with significant investments planned in wind, solar, biomass, and biogas, as well as in energy storage technologies like batteries and subsurface systems to ensure supply stability .

What is Latvia's recovery and Resilience Plan?

Latvia's Recovery and Resilience Plan plays a key role in the energy transition, supporting economic recovery through major investments in renewables like wind, solar, and biomass, as well as initiatives such as a 60 MW Battery Energy Storage System by 2026 and cross-border projects to synchronize with Continental Europe .

When will battery energy storage systems be installed in Latvia?

The most recent update regarding BESS installations is that in Tume and Rēzekne, Latvia's transmission system operator "Augstsprieguma tīkli" (AST) in June 2025 installed battery energy storage systems with a combined capacity of 80 MW and 160 MWh, which will undergo testing until October 2025.

Who is responsible for the energy transition in Latvia?

Local authorities are responsible for municipal energy supply and renewable energy projects, with Latvia's energy transition guided by the National Energy and Climate Plan and the Energy Strategy 2050.

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